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The Economics and Geopolitics of Fracking w/ Bethany McLean (Perch Pod Repost)

The Jacob Shapiro Podcast

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The Importance of Exports in the American Economy

Exports and unprofitable production became a microcosm of everything that's wrong with the current American economy. I don't know if when US policymakers are thinking about this, if they're appreciating what it means to create a sector that is dependent on foreign consumption. The reason why World War II kicked off was because the United States said, Japan, you can't have any oil anymore. It just makes me nervous when we start thinking of energy as this geopolitical tool that can just be used willy-nilly.

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